Live 24/7 Call Answering - Call Us Today! Trusted Central Texas Entity Maintenance Attorney
“Success occurs when opportunity meets preparation.” – Zig Ziglar
Business A belongs to a group of manufacturers. Prompted by a year-end reminder to update their corporate documents and records from their attorney, they complete a simple questionnaire. They respond if their company bought assets, elected new officers, lent money and a few other basic questions. Shortly after, they contacted the team at The J.M. Dickerson Law Firm, which formulates minutes in a logical order based on their answers, sends back for signature and their corporate records are complete and updated for yet another year, ready for any tax audits that might pop up with a set date for next year’s update schedule.
Entity Maintenance
For business owners and investors, properly maintaining corporate records helps your business entity retain the protection you initially sought out when creating your business entity. Well maintained corporate minutes and other documents allows people to understand the decision-making processes of the corporation.
Making sure your business entity is up-to-date is also an effective means of creating a paper trail to demonstrate to the government authorities or bank loan officers of the transactions the corporation has made. Failing to keep up-to-date can invalidate the protection your business entity provides. Call our law office in New Braunfels, Texas, at 830-302-4577 to find out more about how we make updating easy and check out his free book on Mr. Dickerson’s proven strategy for protecting business owners assets here.
FREE BOOK HERE“By failing to prepare, you are preparing to fail.” – Benjamin Franklin
Business B is a trucking business. The owners, each year, and every year, do nothing about updating their records. This year, an IRS audit faces them. They learn quickly that the burden is on them, as a taxpayer, to prove that each transaction conducted by their company is legitimate through proper documentation. With the IRS now asking for three years of corporate records and none to present, Business B is scrambling to generate documents; all while trying to remember the details blurred by the quick passage of time. In this scenario, the owners of Business B risk facing tax penalties, past interest on the taxes that they did not think they needed to pay and possibly, formal accusation of fraud, if the details cannot be substantiated. They did not call The J.M. Dickerson Law Firm and now it might be too late and risk losing the protection of their business entity, causing more headaches.
Please call us in New Braunfels, TX at 830-302-4577 or fill out the email contact form if you want more information about our entity maintenance services.
Joseph Michael Dickerson
We believe that everyone deserves the peace of mind that comes with knowing your future is secure, no matter your age or personal circumstances. Our firm is proud to serve families and businesses throughout Central Texas with experienced legal guidance tailored to your unique goals and interests.
Whether you’re looking to build an estate plan or form a business, we’re here to advise and advocate for you. Each of these areas of law involve ongoing maintenance and compliance, and we’ll be here for you every step of the way. Call or message us today to set up your initial consultation.
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